Veja também
29.09.2020 08:03 AMTechnical Market Outlook:
The EUR/USD pair continues the bounce after the low at the level of 1.1612 had been established. Due to the oversold market conditions traders should expect a bounce towards the level of 1.1696, where rally should be terminated anyway. Bears are in control of the market and more lower lows should be seen soon. The next target for bears is seen at the level of 1.1569 - 1.1569 zone. Only a sustained breakout above the level of 1.1738 would put bulls back into control again. The weekly time frame trend remains up.
Weekly Pivot Points:
WR3 - 1.2011
WR2 - 1.1939
WR1 - 1.1752
Weekly Pivot - 1.1683
WS1 - 1.1498
WS2 - 1.1408
WS3 - 1,1239
Trading Recommendations:
On the EUR/USD pair the main trend is up, which can be confirmed by almost 10 weekly up candles on the weekly time frame chart and 4 monthly up candles on the monthly time frame chart. Nevertheless, weekly chart is recently showing some weakness in form of a several Pin Bar candlestick patterns at the recent top. This means any corrections should be used to buy the dips until the key technical support is broken. The key long-term technical support is seen at the level of 1.1445. The key long-term technical resistance is seen at the level of 1.2555.
You have already liked this post today
*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.
Our new app for your convenient and fast verification
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
